We appreciate your interest in obtaining commercial financing through Neuse River Development Authority, Inc. (NRDA). The first step in applying for a loan is to fill out our pre-application or call us at (252) 638-6724 for an initial screening. As part of the pre-application review process, we will run a credit report on each person who will own 20% or more of the business and on each spouse.

The following items are required to begin the review process:

1. NRDA Loan Pre-Application
2. Credit Authorization Form, provided as part of the pre-application
3. Legible copy of each applicant's/guarantor's driver license
4. Check or money order in the amount of $35.00 (for each applicant/guarantor) made payable to NRDA for a Credit Bureau Personal Credit Report

NOTE:  Your application will not be reviewed prior to receipt of the $35.00 credit report fee (per applicant/guarantor).

Once it has been determined that your project is eligible, then additional information will be required. The second step in the loan process will be to complete a NRDA loan application. The following documents will be required in order to screen your application:

1. Completed NRDA loan application and a short business plan. The plan should include a description of the business, resumes or background statements on owners, the number of projected and current employees and a breakdown of the project expenses and loan request.

2. A personal financial statement and personal tax returns for the most recent two years on each guarantor and on each person who will own 20% of the company  (Please use a blank form or NRDA's form for the financial statements).

3. Two years tax returns or CPA balance sheet and income statements on the company.  If you plan to purchase an existing business, please submit two years tax returns and interim financial statements on the business to be purchased.

4. CPA prepared interim balance sheet and income statements current within 45 days of application.

5. If an applicant owns 20% or more of another company, then please submit two years tax returns and financial statement along with an interim balance sheet and income statement on the affiliate company.

If your loan is approved, additional fees that will be due at commitment include a commitment fee, a non-refundable documentation fee and a deposit for legal fees. If the loan does not close, the commitment fee and any unexpended legal fees are refundable.

Please submit all necessary documents and fees to NRDA in person or by mail, PO Box 1111, New Bern, NC 28563 or 233 Middle Street, Suite 206, New Bern, NC 28560. If you require any assistance please call (252) 638-6724.